KBC : Another good quarter, NII and commission income rising, 12% cash return
>Conclusion: Good Q3 by rising NII, commission income & loan releases - For 3Q21, we forecast a net profit, of € 692m (before € -12m hybrids costs), including a small loan-loss release. Operationally we see q-on-q a continuing rise of the NII and of the commission income. KBC’s NII is benefiting from good loan growth and the clearly risen interest rates in the Czech Republic and Hungary which is 1/3 of its NII. Further, we estimate that before the summer of 2022 KBC w...KBC Group is a bank-insurance group engaged in providing products and services mainly to retail, private banking, SME and mid-cap clients. Co. focuses on its primary markets of Belgium, the Czech Republic, Slovakia, Hungary and Bulgaria. Co. is also present in Ireland and, to a limited extent, in several other countries to support corporate clients from its primary markets. Co.'s main brands are KBC and CBC in Belgium, CSOB in Czech Republic and Slovakia, K&H in Hungary, CIBANK and DZI Insurance in Bulgaria, and KBC Bank Ireland in Ireland. As of Dec 31 2014, Co. had 1,601 bank branches. In addition, Co. had total assets of Euro245.17 billion.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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